Organic Electronics Market Estimations, Competitive Landscape, Business Revenue Forecast and Statistics | COVID-19 Effects

Posted 2 years ago in TECHNOLOGY.

Organic Electronics Market, By Component (Active (Transistor, Sensor, Diode), Passive (Traces, Antenna)), By Material (Dielectric, Conductor, Luminescent), By Application (Display, Solar battery, Photovoltaic) - Forecast 2027

Organic Electronics Market Estimations, Competitive Landscape, Business Revenue Forecast and Statistics | COVID-19 Effects

Market insights

The global organic electronics market is growing rapidly. The market rise attributes to the increasing adoption of organic electronics in photovoltaic cells, OLED lighting, displays, solar batteries & memory devices, etc. Besides, rising usages of organic semiconductors in making various electronic components, such as light-emitting diodes, solar cells, and transistors, increase the size of the organic electronics industry.

Moreover, rising demand for organic semiconductors and nanomaterials, conductive (transparent) inks, force-and temperature-sensitive materials escalate the market growth. According to Market Research Future (MRFR), the Organic Electronics Market Analysis valuation is poised to garner exponential traction by 2027, registering an impressive CAGR during the assessment period (2016–2027).

Over the last couple of years, organic electronics technology has evolved dramatically. Also, there have been significant innovations such as printed sensors, including organic and flexible sensors opening new avenues in the automotive, healthcare, supply chain logistics, and other sectors. Increasing customer preference of rigid substrates such as glass, ITO-glass, silicon, and flexible substrates like PET, PEN, TPU, flexible glass, and others substantiate the growth of the market.

On the other hand, the lack of expertise and constrained R&D budgets are significant factors projected to restrict the market growth, hampering developments of existing systems.

Nevertheless, technological upgrades expected in recent years would support market growth throughout the assessment period, bringing the required expertise and reducing organic electronics' cost. Also, printing sensors using roll-to-roll printing methods are increasingly proving to be a greater choice in functional materials, substrates, and deposition methods, which would push the growth of the market.

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Key Players

The major key players in the global organic electronics market include Asahi Kasei Corporation (Japan), AU Optronics Corporation(Taiwan), BASF SE (Germany), Bayer Material Science AG (Germany), Evonik Industries (Germany), Fujifilm Dimatix (USA), Merck Kgaa (Germany), Novaled (Germany), Samsung Display (South Korea), and Sigma-Aldrich Corporation (USA).

Organic Electronics Market   - Segmentation

The global organic electronics market has been segmented on the basis of application, components, materials, and lastly region. As per application-based segmentation, this market has been segmented into displays, memory devices, organic light-emitting diode (OLED) lighting, photovoltaic cells, solar batteries, and others. The components-based segmentation segments the market into active components and passive components. Based on materials, the market has been segmented into conductors, dielectric, electrochromic, and luminescent materials among others.

Organic Electronics Market   - Regional Analysis

The regional segmentation of the global organic electronics market segments the market into continent-based regional markets known as The Americas (North America & Latin America), Europe, Asia Pacific, and rest of the world (RoW). The Americas is the largest regional market segment among all regional markets, and it is expected to grow during the forecast period. Among the Americas, North America is a greater market as it has more technological advancement, more purchasing power of consumers, and many key players of the market in this region are based in the United States of America (USA), the biggest economy in this region. Another important country-based market in this region is Canada. Therefore, even without Latin America, North America alone carries the potential of emerging as the largest market. Latin America is a significant market, but technologically, it is not as advanced as North America. In Latin America, the strongest economies that have the potential to emerge as strong markets are Argentina and Brazil.

According to the report, the Europe market is also expected to grow during the forecast period. Due to the reasons same as the Americas, Western Europe is a bigger market than Eastern Europe. In Western Europe, the primary country-based markets are France, Germany, and the United Kingdom (UK), followed by the rest of Western Europe. The report also predicts growth for the Asia Pacific market as the industrialization of this region is increasing. And the high density of population in countries like China and India present a readymade market for many products and services. Other important country-based markets in this region are Japan, and South Korea, followed by the rest of the Asia Pacific region.

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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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Sonam Sinha

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